Property Details
2512 Colby Avenue
Everett, WA 98201
$2,200,000
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Property Overview
Prime mixed-use MU7-zoned property (development opportunity!) in vibrant downtown Everett. Street level features two 2,126 SF commercial units: Kate’s Greek & American (business included in sale) and a long-term dental office tenant. Upstairs, two spacious 1,562 SF apartments (2 bed/1 bath & 2 bed/2 bath) offer private rooftop decks with Possession Sound views and elevator access. The 3,200 SF basement includes 6 covered parking stalls (4 used by apartment tenants), storage, and coin-op laundry for apts. Outside, 22 parking spaces- most with leases, plus street parking. Ask your agent for the full brochure with all details, current and projected financials. Don't miss this opportunity to be part of bustling, downtown Everett!
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Snohomish
Neighborhood
Downtown
Listed
Nov 6, 2025
Parcel Number
00517156102700
Tax & HOA
Annual Property Tax
$8,979 (2025)
Est. Monthly Tax
$748/mo
Financial Summary
Cap Rate
4.00%
Net Operating Income
$81,307
Gross Scheduled Income
$104,720
Gross Rent Multiplier
20.66
Total Expenses
$23,412
Total Actual Rent
$8,685/mo
Building & Use
Building Sq Ft
11,876
Total Units
5
Sq Ft Rented
7,376
Zoning
Office,See Remarks
Possible Use
Office, See Remarks
Lot Size
10,890 sqft
Year Built
1963
Exterior & Lot
Lot Size
0.25 sqft
Year Built
1963
Exterior Materials
Cement, Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete, Metal/Vinyl
Community & Access
Directions
Right on Colby in downtown Everett!
Location
City
Everett
County
Snohomish
Coordinates
47.98413, -122.20893
Additional Information
Tax Year
2025
Annual Taxes
$8,979
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
